$811 million in bond offerings on IDA’s calendar.

February calendar includes 17 projects. The New York City Industrial Development Agency, a component of the Economic Development Corporation, will hold its monthly public hearing on February 8, 2007 for 17 proposed projects including bond offerings totaling $811 million and seven straight-leases.

Included among the 17 projects is a straight-lease to NBC Universal of 1,380,000 sq.ft. of office space at 30 Rockefeller Plaza. The City would lease the property from the building’s owner and sub-lease … <Read More>


COMMENTARY: Creating Social Housing in the Sky

By Assemblymember Harvey Epstein and Senator Cordell Cleare

The next innovation in the pursuit of permanently affordable housing for New Yorkers can be found amongst the glistening luxury high-rise condominiums. These high-rise condominium complexes will also include the next wave of cooperatively-owned and community-controlled affordable homeownership opportunities in New York City — social housing in the sky — if our bill, the recently updated Martin Act amendment (S3566A/A6921A), becomes law.


City Planning Hears Application for Four New Affordable Buildings in East New York

The sites are all located within a few blocks from each other. On March 30, 2022, the City Planning Commission held a public hearing for an application that would facilitate the construction of four new buildings with a total of 46 affordable units in East New York, Brooklyn. The four sites are located at 492-496 Glenmore Avenue, 2358-2362 Pitkin Avenue, 943 Dumont Avenue, and 743 Blake Avenue, as part of the Sutter Place Neighborhood Construction <Read More>


City Planning Hears Application for Last Building of Ongoing Broadway Triangle Project

On March 16, 2022, the City Planning Commission held a public hearing for Bartlett Crossing Site A-2, one of the five buildings that comprises the larger affordable housing Broadway Triangle project. Broadway Triangle is an affordable housing development consisting of five buildings across four sites. Bartlett Crossing Site A-1 is located on Flushing Avenue between Harrison Avenue and Whipple Street. The other three sites, Site A-2, Site B and Site C are all located on <Read More>


GUEST COMMENTARY: Hudson Yards – Setting the Record Straight (or Don’t Doubt its Success)

I was motivated to respond to an article by Robert Kuttner on The American Prospect website that in general argued that a tax-subsidized project was facing impending collapse which could provide an opportunity for affordable housing. I have no problem with the author disliking Hudson Yards and he wouldn’t be the first or only one to do so. I believe, however, that the American Prospect piece contains misinformation on the Hudson Yards project. This article … <Read More>